Nasdaq Futures Rally After Asian AI Rout as Investors Brace for Jobs Day — 2nd Update

Morningstar ·

Nasdaq futures recovered some ground as an artificial-intelligence selloff paused following a rout in Asian tech stocks, ahead of crucial U.S. jobs data later Friday.

By Joe Stonor

Nasdaq futures recovered some ground as an artificial-intelligence selloff paused following a rout in Asian tech stocks, ahead of crucial U.S. jobs data later Friday.

Tech-heavy Asian indexes slumped as Thursday's brutal market selloff in the U.S. spread across the globe. The South Korean Kospi closed more than 6% lower to log its worst day since 2025, after trading was halted for 20 minutes amid panic selling. Japan's Nikkei 225 officially entered a bear market having now dropped more than 20% from its June peak, while major indexes also fell in Hong Kong and Shanghai.

Read the full story at Morningstar · All coverage of this story